United Microelectronics Q3 EPADS $0.20 Beats $0.17 Estimate, Sales $1.77B Beat $1.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics (NYSE:UMC) reported Q3 earnings of $0.20 per share, beating the analyst consensus estimate of $0.17 by 17.65%. However, this is a 42.03% decrease from the same period last year. The company also reported quarterly sales of $1.77 billion, beating the estimate of $1.75 billion by 1.14%, but this is a 25.63% decrease from the same period last year.
October 25, 2023 | 9:03 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
United Microelectronics reported better than expected Q3 earnings and sales, but both figures are significantly lower than the same period last year.
While United Microelectronics beat Q3 estimates, the significant decrease in both earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100